Schlumbergerの空売り状況は、投資家がSchlumbergerの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

Schlumberger (NYSE:SLB) 株価情報, 空売り情報

Schlumberger

SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.

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金曜日の朝、米国株式先物は前向きな動きを見せており、本日投資家の注目を集める可能性のある銘柄は以下のとおり。

米国株式先物　米経済の動きを好感　順調に推移

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アメリカの株先物は金曜日の朝、低い動きを見せており、投資家の動きも慎重になっている。ウォール街は、オープニングベルの前に、The Procter &amp; Gamble Company（NYSE:PG）が1株あたり1.41ドル、225.41億ドルの売上で四半期決算を発表すると見込んでいます。これはBenzinga Proのデータより明らかになっています。Procter &amp; Gambleの株は、アフターセッションで157.14ドルに0.1％の下落となった。Intuitive Surgical Inc（NASDAQ:ISRG）は、木曜日に第1四半期の決算を予想を上回る結果を発表しました。インチュイティブ・サージカルの株はアフターセッションで3.5％上昇し、385.60ドルで取引されている。アナリストは、American Express Company（NYSE:AXP）が純利益2.95ドル、157.9億ドルの売上で四半期決算を発表すると予想しています。同社は市場がオープンする前に決算を発表します。アメリカン・エキスプレスの株はアフターセッションで、213.90ドルに1.7％下落を記録した。こちらのプレマーケットのカバレッジをチェックNetflix Inc（NASDAQ:NFLX）は第1四半期の楽観的な決算と売上の結果を発表しました。同社は第1四半期に933万人の有料会員を追加し、合計2億6960万人の会員数になりました。Netflixの株はアフターセッションで4.8％下落し、581.49ドルで取引されている。アナリストは、Schlumberger Limited（NYSE:SLB）がオープニングベルの前に1株あたり75セントの四半期利益を、86.9億ドルの売上で発表すると予想しています。SLBの株はアフターセッションで0.5％下落し、50.69ドルで取引されている。

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Shares of oil and gas companies are trading higher amid a rise in the price of oil after the Fed cut rates, which could lift the demand outlook. Also, ongoing tension in the Middle East could increase supply

Schlumberger N.V.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) shares gained today after the energy giant joined forces with NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to unleash <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40935220/slb-and-nvidia-collaborate-to-develop-generative-ai-solutions-for-the-energy-sector" rel="noreferrer noopener">groundbreaking generative AI solutions.</a>
The companies plan to develop generative AI solutions for the energy industry. With the development, Schlumberger will focus on areas such as subsurface exploration, production operations, and data management.
The partnership speeds up the creation and implementation of industry-specific generative AI foundation models across Schlumberger&#8217;s global platforms, including the Delfi digital platform and the Lumi data and AI platform. Schlumberger&#8217;s Lumi data and AI platform, the <a target="_blank" href="https://www.slb.com/products-and-services/delivering-digital-at-scale/artificial-intelligence-solutions#:~:text=The%20Lumi%20data%20and%20AI,challenges%20and%20accelerates%20digital%20transformation." rel="noreferrer noopener">domain-specific solution</a> for the energy sector, is designed to transform raw data from various sources into trusted insights.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40899601/energy-gets-ai-boost-schlumbergers-lumi-platform-to-power-next-gen-digital-transformation" rel="noreferrer noopener">Energy Gets AI Boost: Schlumberger&#8217;s Lumi Platform To Power Next-Gen Digital Transformation</a>
&#8220;Our collaboration with NVIDIA will accelerate the creation of tailored generative AI solutions, enabling our customers to optimize operations, enhance efficiency and minimize their overall footprint,&#8221; said Olivier Le Peuch, chief executive officer, Schlumberger.
Schlumberger and NVIDIA&#8217;s partnership started in 2008, focusing on the groundbreaking application of graphics processing units (GPUs).
Now, with the latest deal, Schlumberger will leverage NVIDIA NeMo, which is part of the NVIDIA AI Enterprise software suite, to develop tailored generative AI that can operate in data centers, on any cloud, or at the edge.
&#8220;Custom models created by SLB leveraging NVIDIA NeMo will provide the industry&#8217;s scientists and engineers unprecedented insight to speed their work in optimizing the energy supplies today and unlocking the clean energy innovations of tomorrow,&#8221;&nbsp;said Jensen Huang, founder and CEO of NVIDIA.
This initiative aims to fully harness the potential of generative AI for energy domain professionals to generate greater value and reduce carbon emissions.
According to a research <a target="_blank" href="https://www.kingsresearch.com/artificial-intelligence-in-energy-market-849" rel="noreferrer noopener">report </a>by Kings Research, the global Artificial Intelligence in Energy Market is projected to reach $46.188 billion by 2031, growing at a CAGR of 17.18% from 2024 to 2031.
This rapid expansion might underscore the potential impact of Schlumberger and NVIDIA&#8217;s partnership in leveraging AI solutions for the energy sector.
Price Action: SLB shares are trading higher by 2.29% to $42.37 at last check Thursday, while NVDA shares are trading higher by 4.66% to $118.71.
Photo via Shutterstock
Read Next:
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</ul>

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Energy Meets AI: Schlumberger Teams Up With NVIDIA To Supercharge Industry Efficiency

Working together with NVIDIA, SLB will build and optimize models to the specific needs and requirements of the data-intensive energy industry, including subsurface exploration, production operations and data management.&nbsp;

SLB, NVIDIA Partner To Develop Generative AI Solutions For The Energy Industry

DBS Bank initiates coverage on Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Buy rating and announces Price Target of $64.5.

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DBS Bank Initiates Coverage On Schlumberger with Buy Rating, Announces Price Target of $64.5

UBS analyst Amy Wong maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Buy and lowers the price target from $63 to $57.

UBS Maintains Buy on Schlumberger, Lowers Price Target to $57

SLB (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>), an American oilfield services company, through its OneSubsea joint venture (JV), has teamed up with C-Power and Subsea7 S.A. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/subcy#OTC">SUBCY</a>) to explore innovative ocean energy solutions. The focus of this partnership is to develop a low-cost, low-carbon power source for subsea applications.
<h2>SLB OneSubsea&#39;s Integrated Solution</h2>
SLB OneSubsea, the JV backed by SLB, Aker Solutions and Subsea7, will provide an integrated subsea system, including electric actuation and wireless telemetry, to support the 18-month field test of C-Power&#39;s SeaRAY autonomous offshore power system (AOPS). This project has garnered the support of the U.S. Department of Energy, further cementing its importance in advancing renewable ocean energy technologies.
C-Power&#39;s CEO, Reenst Lesemann, emphasized the significance of the collaboration, noting that Subsea Integration Alliance partners SLB OneSubsea and Subsea7 are leaders in subsea products and services. He pointed out that both companies align with C-Power&#39;s vision for reducing the cost, complexity and carbon intensity of offshore operations through remote power generation and data communications.
<h2>SLB OneSubsea and C-Power to Conduct Field Test</h2>
The field test will be conducted at the PacWave South wave energy site offshore Newport, OR, to evaluate the long-term reliability of C-Power&#39;s SeaRAY AOPS in the challenging ocean environment. The system is aimed at powering and supporting autonomous underwater vehicles, robotics, operational equipment and satellite communications, gathering valuable data for the progress of the project.
<h2>Exploring SLB OneSubsea&#39;s Potential for Sustainable Energy</h2>
SLB noted that the joint industry project will focus on digitalization, electrification and fiber optic sensors to explore how wave energy can be integrated into subsea operations. SLB OneSubsea&#39;s CEO, Mads Hjelmeland, highlighted that collaboration and innovation are crucial for achieving significant improvements in cost and carbon efficiency, paving the way for a sustainable energy future.
In June, C-Power added Scotland&#39;s Green Marine to its Partner Engagement and Co-development program, showcasing the growing interest in advancing the SeaRAY AOPS technology for broader offshore applications.
By combining resources and expertise, SLB, Subsea7 and C-Power aim to accelerate the adoption of ocean energy solutions, which can play a pivotal role in reducing the carbon footprint of subsea operations globally.
<h2>Zacks Rank &amp; Key Picks</h2>
Currently, both SLB and SUBCY carry a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at a couple of better-ranked stocks like Core Laboratories Inc.&nbsp;and VAALCO Energy, Inc., each carrying a Zacks Rank #2 (Buy) at present.
Core Laboratories, an oilfield services company, has a deep portfolio of sophisticated, proprietary products and services that positions it to take advantage of the growing maturity in the global hydrocarbon reserve base. CLB&#39;s expanding international upstream projects indicate a positive trajectory for revenues and profitability, especially as oil demand continues to rise globally.
The Zacks Consensus Estimate for CLB&#39;s 2024 EPS is pegged at $0.95. The company has a Value Score of B. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
VAALCO Energy is an independent energy company involved in upstream business operations, with a diversified presence in Africa and Canada. Having a large inventory of drilling locations in premium Canadian Acreage, the company&#39;s production outlook seems bright.
The Zacks Consensus Estimate for EGY&#39;s 2024 EPS is pegged at $0.65. The company has a Value Score of A. It has witnessed upward earnings estimate revisions for 2024 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2337003/slb-subsea7-partner-with-c-power-for-ocean-energy-solutions?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2337003">To read this article on Zacks.com click here.</a>

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SLB, Subsea7 Partner With C-Power for Ocean Energy Solutions

Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) shares are trading higher on Tuesday. The company launched the Lumi data and AI platform, integrating advanced AI into workflows<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40894766/slb-launches-ai-powered-lumi-platform" rel="noreferrer noopener"> across the energy value chain</a>.
The Lumi platform offers open, secure access to high-quality data across all energy domains, boosting collaboration and decision-making. It integrates the latest large language models&nbsp;(LLMs) and SLB&#8217;s domain-specific models, facilitating scalable AI adoption.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40810215/schlumbergers-breakthrough-in-lithium-production-details" rel="noreferrer noopener">Schlumberger&#8217;s Breakthrough In Lithium Production: Details</a>
The Lumi platform will be available on major cloud providers and on-premises, offering global access.
SLB&#8217;s Delfi platform will leverage Lumi&#8217;s capabilities for improved reservoir modeling, seismic interpretation, and drilling workflows, while boosting automation and efficiency for low-carbon energy operations.
The Lumi platform combines technologies from top partners with SLB&#8217;s expertise to enhance data and AI access across the energy production cycle.
Rakesh Jaggi, president, Digital and Integration, SLB, said, &#8220;Through the Lumi data and AI platform, we will liberate and contextualize data for our global customers across domains – enabling them to scale advanced AI workflows and accelerate their ongoing digital transformation.&#8221;
Investors can gain exposure to SLB via&nbsp;VanEck Oil Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) and&nbsp;IShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: SLB shares are up 0.42% at $40.57 premarket at the last check Tuesday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40857832/halliburton-at-a-disadvantage-analyst-says-schlumberger-and-baker-hughes-in-better-" target="_blank" rel="noreferrer noopener">Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes &#8216;In Better Position&#8217;</a></li>
</ul>

iShares Dow Jones US Oil Equipment & Services Index Fund

Energy Gets AI Boost: Schlumberger's Lumi Platform To Power Next-Gen Digital Transformation

The platform integrates advanced artificial intelligence (AI) capabilities&mdash;including generative AI&mdash;with workflows across the energy value chain.

SLB Launches Lumi Data And AI Platform

Ratings for Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) were provided by 12 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $65.75, with a high estimate of $74.00 and a low estimate of $58.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 3.42%. 
<img src="https://www.benzinga.com/files/images/story/2024/1726509627_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Schlumberger among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Connor Lynagh</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$60.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Amy Wong</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$63.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>David Anderson</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$67.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>James West</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$74.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Marc Bianchi</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Buy</td>
<td>$64.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Keith Mackey</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$69.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Chase Mulvehill</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$58.00</td>
<td>$62.00</td>
</tr>
<tr>
<td>Luke Lemoine</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$66.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Charles Minervino</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$70.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Scott Gruber</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$62.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Kurt Hallead</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Schlumberger. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Schlumberger compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Schlumberger's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Schlumberger's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SLB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Schlumberger analyst ratings.</a>
<h2>Delving into Schlumberger's Background</h2>
SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
<h3>Schlumberger: Delving into Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Over the 3 months period, Schlumberger showcased positive performance, achieving a revenue growth rate of 12.84% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Net Margin: Schlumberger's net margin is impressive, surpassing industry averages. With a net margin of 12.17%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Schlumberger's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.32% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.29%, the company showcases effective utilization of assets.
Debt Management: Schlumberger's debt-to-equity ratio is below the industry average. With a ratio of 0.63, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Schlumberger Through Analyst Insights

Morgan Stanley analyst Connor Lynagh maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Overweight and lowers the price target from $65 to $60.

Morgan Stanley Maintains Overweight on Schlumberger, Lowers Price Target to $60

Earlier this month, Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) said that a <a href="https://www.benzinga.com/markets/equities/24/09/40687585/why-is-halliburton-stock-falling-today">cyberattack had disrupted its critical business applications</a>.
A lower overall revenue diversification puts the company at a disadvantage against the backdrop of a tepid commodity macro, according to RBC Capital Markets.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/60b8b8f7e1e2bd0001d16400/keith-mackey">Analyst Keith Mackey</a> downgraded the rating for Halliburton from Outperform to Sector Perform, while slashing the price target from $44 to $37.
The Halliburton Thesis: While the company's revenue growth outpaced large cap OFS peers from 2021 to 2023, its revenues could lag by around 5% from 2024 to 2026, Mackey said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
"Lower growth is largely connected to HAL&#8217;s 42% revenue weighting to North America" versus the average of 23% of rivals Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and Baker Hughes Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), the analyst wrote. Global rig counts are "increasing at decreasing rates," which puts companies with greater geographic and business diversity in better position to outperform, he added.
While Halliburton has achieved margin expansion and lowered its capital intensity, "a potential upward inflection in E&amp;P spending should be more evident in dedicated US providers," Mackey stated.
HAL Price Action: Shares of Halliburton had risen by 0.29% to $28.10 at the time of publication on Friday.
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</ul>
Image: Shutterstock

Analyst Color

Downgrades

Halliburton At A Disadvantage, Analyst Says: Schlumberger And Baker Hughes 'In Better Position'

Investors with a lot of money to spend have taken a bullish stance on Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SLB, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Schlumberger.
This isn't normal.
The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $226,358, and 6 are calls, for a total amount of $273,651.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $27.5 to $75.0 for Schlumberger during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Schlumberger's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Schlumberger's significant trades, within a strike price range of $27.5 to $75.0, over the past month.
<h3>Schlumberger Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726087543_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$11.75</td>
<td>$11.65</td>
<td>$11.75</td>
<td>$50.00</td>
<td>$111.6K</td>
<td>3.0K</td>
<td>96</td>
</tr>
<tr>
<td>SLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$13.75</td>
<td>$13.55</td>
<td>$13.75</td>
<td>$27.50</td>
<td>$79.7K</td>
<td>65</td>
<td>94</td>
</tr>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$2.45</td>
<td>$2.44</td>
<td>$2.45</td>
<td>$37.50</td>
<td>$61.0K</td>
<td>132</td>
<td>256</td>
</tr>
<tr>
<td>SLB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$13.65</td>
<td>$13.45</td>
<td>$13.65</td>
<td>$27.50</td>
<td>$49.1K</td>
<td>65</td>
<td>36</td>
</tr>
<tr>
<td>SLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$0.34</td>
<td>$0.21</td>
<td>$0.32</td>
<td>$75.00</td>
<td>$48.0K</td>
<td>11.2K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Schlumberger</h3>
SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Following our analysis of the options activities associated with Schlumberger, we pivot to a closer look at the company's own performance.
<h3>Schlumberger's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 15,559,330, the SLB's price is up by 0.15%, now at $39.65. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 37 days.</li>
</ul>
<h3>Professional Analyst Ratings for Schlumberger</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $63.0.
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Schlumberger, which currently sits at a price target of $63. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Schlumberger, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About Schlumberger

SLB (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>), an American oilfield services company, has announced a breakthrough in sustainable lithium production at its demonstration plant in Clayton Valley, NV. The company&#39;s proprietary technology, which uses direct lithium extraction (DLE), concentration and conversion, accelerates lithium production while minimizing environmental impact.
SLB&#39;s solution is 500 times faster than any conventional method, with a significantly smaller footprint in terms of land and water usage. It produces lithium with a recovery rate of 96%.
<h2>SLB&#39;s DLE Technology Offers Unprecedented Efficiency</h2>
The company&#39;s innovative approach delivers a complete, end-to-end process that extracts lithium from brine, treats impurities and produces high-purity lithium carbonate or hydroxide. The process uses just 10% of the land required by traditional evaporation methods and returns spent brine to its source, reducing ecological impact. This efficiency translates into faster production, reducing the time from extraction to conversion to mere hours compared to up to 18 months using traditional methods.
<h2>Environmental Advantage of SLB&#39;s Lithium Extraction Process</h2>
Conventional lithium extraction through evaporation leads to significant water loss and environmental disruption, leaving behind salts and minerals. On the contrary, SLB&#39;s sustainable solution significantly reduces water usage and minimizes environmental damage. The process enhances sustainability by recycling brine and limiting the use of chemical reagents, making it an eco-friendly alternative to conventional extraction techniques.
<h2>SLB Poised for Commercial-Scale Lithium Production</h2>
The Clayton Valley demonstration plant validates SLB&#39;s technology and positions the company for commercial scalability. With the successful verification of its recovery rates, SLB has achieved the technical milestones required under its agreement with Pure Energy Minerals Ltd. This paves the way for SLB to potentially take full ownership of the Clayton Valley Project, positioning the company as a leader in responsible lithium production.
Lithium is a critical component in producing smartphones, electric vehicles (EVs) and other electrification technologies. SLB&#39;s solution is flexible enough to produce lithium chloride, carbonate, or hydroxide, adapting to market needs for different lithium-based products. With this innovation, SLB is set to play a pivotal role in the electrification economy, ensuring faster, more sustainable lithium production to meet the growing demand.
<h2>SLB&#39;s Zacks Rank &amp; Key Picks</h2>
Currently, SLB carries a Zack Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like MPLX LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mplx#NYSE">MPLX</a>), Core Laboratories Inc.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clb#NYSE">CLB</a>) and VAALCO Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egy#NYSE">EGY</a>). While MPLX currently sports a Zacks Rank #1 (Strong Buy), Core Laboratories and VAALCO Energy carry a Zacks Rank #2 (Buy) each.
MPLX derives stable fee-based revenues from long-term contracts, with minimal exposure to commodity-price fluctuations. The partnership&#39;s robust capital expenditure forecast for 2024, along with significant expansion initiatives, underscores its commitment to sustainable growth.
The Zacks Consensus Estimate for MPLX&#39;s 2024 EPS is pegged at $4.29. The company has a Value Score of B. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
Core Laboratories, an oilfield services company, has a deep portfolio of sophisticated, proprietary products and services that positions it to take advantage of the growing maturity in the global hydrocarbon reserve base. CLB&#39;s expanding international upstream projects indicate a positive trajectory for revenues and profitability, especially as oil demand continues to rise globally.
The Zacks Consensus Estimate for CLB&#39;s 2024 EPS is pegged at $0.95. The company has a Value Score of B. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days.
VAALCO Energy is an independent energy company involved in upstream business operations, with a diversified presence in Africa and Canada. Having a large inventory of drilling locations in premium Canadian Acreage, the company&#39;s production outlook seems bright.
The Zacks Consensus Estimate for EGY&#39;s 2024 EPS is pegged at $0.65. The company has a Value Score of A. It has witnessed upward earnings estimate revisions for 2024 in the past 30 days.
<a href="https://www.zacks.com/stock/news/2334516/slb-achieves-breakthrough-in-lithium-production-in-nevada?cid=CS-BENZ-FT-analyst_blog|company_news_energy_sector-2334516">To read this article on Zacks.com click here.</a>

Small Cap

MPLX

SLB Achieves Breakthrough in Lithium Production in Nevada

ILiAD Technologies, Llc Celebrates The Use Of Its Direct Lithium Extraction Technology At Scale At SLB's Clayton Valley Demonstration Plant, Producing High-purity, Battery-grade Lithium

Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) disclosed that it has successfully demonstrated sustainable lithium production <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40789109/slb-achieves-breakthrough-results-in-sustainable-lithium-production" rel="noreferrer noopener">at scale at its Clayton Valley, Nevada, plant</a>.
SLB&#8217;s integrated solution offers a complete, end-to-end process that includes advanced impurity treatment and concentration technologies to produce high-purity lithium carbonate or hydroxide.
The company aims to accelerate the market availability of responsibly sourced lithium products. The solution extracts lithium from brine 500 times faster than traditional methods, using only 10% of the land.
The company stated that the plant achieved a verified lithium recovery rate of 96% from brine when operating at about one-tenth the size of a commercial facility.
The traditional lithium extraction process requires vast land and depletes water, leaving harmful residues. SLB&#8217;s solution minimizes water use and returns processed brine to its source, reducing environmental impact.
Gavin Rennick, president of SLB&#8217;s New Energy business said, &#8220;SLB&#8217;s demonstration plant in Clayton Valley proves our unique integrated approach to produce scalable quantities of lithium in the fastest, most economical and sustainable way for today&#8217;s market. This accelerates deployment of viable commercial-scale facilities for high-quality lithium products that are the backbone of our electrification economy.&#8221;
In July, Schlumberger reported a second-quarter 2024 revenue increase of 13% year-over-year to $9.139 billion,&nbsp;beating the consensus of $9.076 billion. Adjusted EPS increased 18% Y/Y to $0.85,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39859998/schlumberger-outshines-expectations-solid-international-growth-fuels-q2-success" rel="noreferrer noopener">above the consensus of $0.83</a>.
Investors can gain exposure to SLB via&nbsp;VanEck Oil Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) and&nbsp;IShares U.S. Oil Equipment &amp; Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEZ#NYSE">IEZ</a>).
Price Action: SLB shares are up 0.25% at $39.69 premarket on the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com//node/40804051" target="_blank" rel="noreferrer noopener">Dave &amp; Buster&#8217;s Stock Races Higher After Q2 EPS Beat: Details</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Schlumberger's Breakthrough In Lithium Production: Details

EQNR

RCON

SHEL

VIST

Shares of energy stocks are trading lower amid a pullback in the price of oil as OPEC cuts its demand forecast.

SLB Says Nevada Demonstration Plant Integrates Direct Lithium Extraction, Concentration And Conversion Technologies To Sustainably Produce Lithium At Scale

Investors with a lot of money to spend have taken a bearish stance on Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SLB, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Schlumberger.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 50%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $857,323, and 2 are calls, for a total amount of $109,020.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $35.0 to $50.0 for Schlumberger during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Schlumberger's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Schlumberger's substantial trades, within a strike price spectrum from $35.0 to $50.0 over the preceding 30 days.
<h3>Schlumberger Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725554761_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/18/26</td>
<td>$6.15</td>
<td>$5.6</td>
<td>$5.9</td>
<td>$40.00</td>
<td>$354.0K</td>
<td>628</td>
<td>600</td>
</tr>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.3</td>
<td>$9.2</td>
<td>$9.3</td>
<td>$50.00</td>
<td>$233.4K</td>
<td>64</td>
<td>264</td>
</tr>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.9</td>
<td>$6.8</td>
<td>$6.9</td>
<td>$47.50</td>
<td>$120.7K</td>
<td>7.0K</td>
<td>0</td>
</tr>
<tr>
<td>SLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.69</td>
<td>$2.63</td>
<td>$2.68</td>
<td>$42.50</td>
<td>$67.0K</td>
<td>1.0K</td>
<td>251</td>
</tr>
<tr>
<td>SLB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$0.9</td>
<td>$0.88</td>
<td>$0.89</td>
<td>$35.00</td>
<td>$66.8K</td>
<td>3.2K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>

<h3>About Schlumberger</h3>
SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Having examined the options trading patterns of Schlumberger, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Schlumberger's Current Market Status</h3>
<ul>
<li>With a volume of 4,590,417, the price of SLB is up 0.12% at $41.37. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 43 days.</li>
</ul>
<h3>What The Experts Say On Schlumberger</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $63.0.
<ul>
<li>Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Schlumberger, targeting a price of $63. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Schlumberger with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Schlumberger's Options Market Dynamics

Helix Energy Solutions Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLX#NYSE">HLX</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener"> trading relatively flat on Wednesday.</a>
The company has secured a new multi-year agreement with Shell Offshore Inc, a unit of Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), starting in 2025, to continue delivering well intervention services in the U.S. Gulf of Mexico.
Scotty Sparks, Helix&#8217;s Executive Vice President and Chief Operating Officer, stated, &#8220;The contract is reflective of improving market conditions and increased demand for Helix&#8217;s assets and services, as we continue executing on our strategy by providing best-in-class and global leading well intervention services.&#8221;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/09/40705415/dollar-tree-q2-earnings-revenue-and-eps-miss-cuts-annual-forecasts-as-customers-feel-macro-pressure" rel="noreferrer noopener">Dollar Tree Q2 Earnings: Revenue And EPS Miss, Cuts Annual Forecasts As Customers Feel Macro Pressure On Spending, Stock Tumbles</a>
Under this contract, Helix will provide an increased minimum number of days annually using the Q5000 riser-based well intervention vessel, Intervention Riser Systems (IRSs), remotely operated vehicles (ROVs), as well as project management and engineering services.
The contract covers fully integrated operations ranging from production enhancement to well plug and abandonment.
Additionally, the operations will include equipment from the Subsea Services Alliance, leveraging the combined strengths of Helix and Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>).
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, HLX stock has gained over 4.9% in the past month. Investors can gain exposure to the stock via&nbsp;Invesco Oil &amp; Gas Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>).
Price Action: HLX shares are trading higher by 0.23% to $10.67 on Wednesday.
Photo via Shutterstock
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</ul>

Contracts

PowerShares Exchange-Traded Fund Trust Dynamic Oil Services Portfolio

Helix Energy Secures Multi-Year Deal With Shell Subsidiary For Gulf Of Mexico Operations

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/03/final-trades-slb-invitation-homes-arthur-j-gallagher-co.html">Halftime Report Final Trades</a>,&#8221; Sarat Sethi of DCLA named Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) as<a href="https://www.benzinga.com/quote/SLB/analyst-ratings"> his final trade.</a>
On July 19, Schlumberger reported better-than-expected second-quarter results. The company said revenue increased 13% year-over-year to $9.139 billion, beating the consensus of $9.076 billion. Adjusted EPS increased 18% Y/Y to 85 cents, above the consensus of 83 cents.
Stephen L. Weiss of Short Hills Capital Partners picked U.S. 2 Year Treasury.
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners picked Arthur J. Gallagher &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJG#NYSE">AJG</a>), which hit a 52-week high on Tuesday.
On July 25, Arthur J. Gallagher reported quarterly earnings of $1.27 per share which missed the analyst consensus estimate of $1.53 per share. The company reported quarterly sales of $2.775 billion which beat the analyst consensus estimate of $2.762 billion.
Joshua Brown of Ritholtz Wealth Management said he likes Invitation Homes Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>), which has a 3% yield.
On July 24, Invitation Homes reported quarterly earnings of 47 cents per share which met the analyst consensus estimate. The company reported quarterly sales of $653.45 million which missed the analyst consensus estimate of $654.70 million.
Price Action:
<ul>
<li>SLB shares fell 3.9% to close at $42.29 during Tuesday's session.</li>
<li>Arthur J. Gallagher shares gained 0.7% to settle at $294.49 on Tuesday.</li>
<li>Invitation Homes shares rose 1.2% to close at $37.27.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40700996/dow-tumbles-over-600-points-nasdaq-dips-3-amid-plunge-in-nvidia-fear-index-remains-in-greed-zone">Dow Tumbles Over 600 Points, Nasdaq Dips 3% Amid Plunge In Nvidia: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Image: Shutterstock

Long Ideas

Media

INVH

Schlumberger, Arthur J. Gallagher, Invitation Homes And More On CNBC's 'Final Trades'

It's Likely Time To Buy Oil Stocks

As supply disruptions and market shifts could potentially lead to an increase in oil prices, it's worth considering investments in stable energy stocks Energy Transfer LP (ET), ChampionX Corporation (CHX), and Secure Energy Services (SECYF). These companies are showing good growth momentum in the current landscape. Read on… Oil prices might see growth owing to supply disruptions and changing market dynamics. To capitalize on this trend, one could watch out for shares of solid energy stocks Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>), and Secure Energy Services Inc. (<a href="https://stocknews.com/stock/SECYF/">SECYF</a>), which are currently showing upward growth momentum.
After experiencing a prolonged downturn, analyst Giovanni Staunovo from UBS suggests that the decline in U.S. crude oil prices could be attributed to traders' skepticism regarding OPEC's capacity to sustain production cuts amid reduced price thresholds.
However, U.S. crude oil prices experienced a slight increase after Hurricane Francine <a href="https://www.cnbc.com/2024/09/12/crude-oil-prices-today.html?msockid=3d25e60d37586a5a314ff2f5360a6b24">disrupted oil production</a> in the Gulf of Mexico before making landfall in Louisiana. The Bureau of Safety and Environmental Enforcement reports that more than 730,000 barrels per day of Gulf oil production are currently shut-in.
UBS now forecasts that oil prices will rise in the short term, with Brent crude expected to exceed $80 per barrel in the coming months.
On another note, the International Energy Agency (IEA) has adjusted its global oil demand growth forecast for 2024 to <a href="https://www.iea.org/reports/oil-market-report-september-2024">900,000 barrels per day</a>, down from 2.1 million barrels per day. This reduction is attributed to a significant slowdown in Chinese oil consumption, which is anticipated to grow by only 180,000 barrels per day this year.
But despite the IEA's downward revision, OPEC <a href="https://oilprice.com/Energy/Crude-Oil/IEA-Slashes-Oil-Demand-Growth-Forecast.html">remains more optimistic</a> about Chinese and global oil consumption growth for the year. OPEC's outlook suggests continued confidence in the resilience of oil demand despite broader economic uncertainties and shifts towards alternative fuels.
Considering these trends, let's examine the fundamentals of three energy stocks that continue to show upward momentum, starting with #3.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET owns and manages a diversified portfolio of energy assets, including over 130,000 miles of pipelines and associated infrastructure. Its primary operations involve natural gas midstream services, intrastate and interstate transportation and storage of natural gas, crude oil, natural gas liquids, refined product transportation, and terminalling.
On July 16, ET and Sunoco <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-and-sunoco-announce-strategic-permian-basin">announced a joint venture</a> to merge their Permian Basin crude oil and water gathering assets, with ET holding a 67.5% stake and serving as the operator.
The venture, managing over 5,000 miles of pipelines and 11 million barrels of storage capacity, would enhance ET's infrastructure and expand its market reach, driving growth and operational efficiency.
On July 15, ET <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-completes-acquisition-wtg-midstream">completed its $2.28 billion acquisition</a> of WTG Midstream, adding 6,000 miles of gas-gathering pipelines and eight processing plants to its Permian Basin network. The acquisition is set to boost ET's distributable cash flow per unit starting in 2025, further fueling its growth and strengthening its competitive position in the energy sector.
ET's revenues for the fiscal 2024 second quarter that ended June 30, 2024, rose 13.1% year-over-year to $20.73 billion. Its operating income grew 25.2% from the year-ago value to $2.30 billion. Plus, the company's adjusted EBITDA rose 20.4% from the year-ago value to $3.76 billion.
Additionally, ET's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $1.99 billion, up 61.6% from the prior year's quarter. Meanwhile, its net income per common unit increased 40% year-over-year to $0.35.
Street expects ET's revenue for the fiscal third quarter ending September 2024 to increase 13.2% year-over-year to $23.47 billion. Likewise, the company's EPS for the ongoing quarter is expected to grow 120.3% from the prior year's period to $0.33.
Shares of ET have surged 7.4% over the past six months and 18% over the past year to close the last trading session at $16.10. In addition, ET is trading above its 50-day and 200-day moving averages of $16.07 and $15.21, respectively.
ET's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
ET has an A grade in Growth and a B for Value, Momentum, and Stability. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, it is ranked #2 out of 80 stocks.
To see the other ET ratings for Sentiment and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Stock #2: ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>)
CHX provides chemistry solutions, artificial lift systems, and engineered equipment for oil and gas drilling. The company's segments consist of Production Chemical Technologies; Production &amp; Automation Technologies; Drilling Technologies; and Reservoir Chemical Technologies.
On April 2, CHX announced a definitive agreement with Schlumberger Limited (<a href="https://stocknews.com/stock/SLB/">SLB</a>), a global energy innovation leader, to be <a href="https://investors.championx.com/news-releases/news-release-details/slb-announces-agreement-acquire-championx-all-stock-transaction">acquired in an all-stock transaction</a>. CHX shareholders will receive 0.735 shares of SLB common stock for each CHX share. Becoming part of SLB would enhance CHX's portfolio, providing the resources and reach to lead in delivering energy sustainably.
On July 9, CHX acquired RMSpumptools Limited, a designer of advanced mechanical and electrical solutions for artificial lift applications. This strategic acquisition allows CHX to <a href="https://investors.championx.com/news-releases/news-release-details/championx-acquires-rmspumptools-expanding-global-presence">create more value for customers</a> and expand into international markets, including the Middle East, Latin America, and global offshore projects.
For the fiscal 2024 second quarter that ended on June 30, CHX's revenue came in at $893.27 million. Its gross profit amounted to $279.85 million. Moreover, the company's net income attributable to CHX came in at $52.57 million or $0.27 per share. As of June 30, 2024, CHX's cash and cash equivalents stood at $393.30 million, up from $288.56 on December 31, 2023.
For the fiscal third quarter ending September 2024, CHX's revenue is expected to increase 5.6% year-over-year to $992.61 million. Its EPS for the ongoing quarter is expected to be $0.51, increasing 24.5% from the previous year's period.
CHX has gained 1.6% over the past nine months to close the last training session at $28.86.
CHX's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
CHX has a B grade for Quality, Growth, and Momentum. It is ranked #11 out of 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy – Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have CHX ratings for Value, Sentiment, and Stability. Get all CHX ratings <a href="https://stocknews.com/stock/CHX/">here</a>.
Stock #1: Secure Energy Services Inc. (<a href="https://stocknews.com/stock/SECYF/">SECYF</a>)
Headquartered in Calgary, Canada, SECYF specializes in waste management and energy infrastructure. The company's segments include Environmental Waste Management; Energy Infrastructure; and Oilfield Services.
During the second quarter that ended June 30, 2024, SECYF's total revenue rose 43.2% year-over-year to CAD 2.55 billion ($1.88 billion), of which its Oil purchase and resale revenue increased 55% from the year-ago value to CAD 2.22 billion ($1.63 billion).
Moreover, the company's net income came in at CAD 32 million ($23.56 million) and CAD 0.12 per share for the quarter, respectively. In addition, the company's discretionary free cash flow grew 26.2% from the year-ago value to CAD 53 million ($39.02 million).
Building on its strong performance in the first half of 2024, the success of SECYF's organic growth investments, and the added Adjusted EBITDA from its metal recycling acquisition, the company has increased its full-year 2024 Adjusted EBITDA guidance to <a href="https://secure-energy.mediaroom.com/2024-07-30-SECURE-ANNOUNCES-2024-SECOND-QUARTER-RESULTS?printable=1">$470 - $490 million</a>, up from the previously stated $450 - $465 million.
Shares of SECYF have surged 33.9% over the past nine months and 43.2% over the past year to close the last trading session at $8.42. Moreover, the stock is trading above its 200-day moving average of $8.07.
SECYF's strong fundamentals are mirrored in its POWR ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
SECYF has an A grade for Value. In addition, it has a B grade for Growth and Momentum. Within the Energy – Oil &amp; Gas industry, SECYF has topped among the 80 stocks.
<a href="https://stocknews.com/stock/SECYF/">Click here</a> to access additional ratings of SECYF for Sentiment, Stability, and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
ET shares were trading at $16.16 per share on Friday morning, up $0.16 (+1.00%). Year-to-date, ET has gained 24.58%, versus a 18.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/et-chx-secyf-slb-3-high-momentum-energy-stocks-to-watch-in-2024/>3 High-Momentum Energy Stocks to Watch in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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